THE  TROPICAL  AGRICULTURIST 
[June  i,  1893 
^80 
Table  VI. 
the  past  year,  and  the 
Aersage  of  Company’s  prc 
Showing  the  Constituents  removed  by  an  average 
perties  at  date : — 
Crop  of  30  tons  per  acre  of  well-ripened  Suga 
r-cane : — 
Bnnvht 
Tea  Mnnufac- 
lb. 
E«tato  Tea.  Leaf  Tea 
tured  for 
Total 
Organio  vegetable  matters  (other  than 
others. 
BUgar)  = 
7.414 
lb.  lb. 
lb. 
lh. 
Including  Nitrogen  
70 
2.481,938  706,766 
1,387,995 
4,666,699 
ACREAGES. 
^Mineral  ma’tere — 
322 
Company’s  Held  on 
^Consisting  of : — 
Description. 
Estate.  Lease. 
Total 
„ Silica  (chiefly  eoluble  in  alkali) 
128 
acres.  acres. 
acres. 
,,  Potash  
58 
Acreage  of  tea  in  bear- 
Lime  
32 
ing,  1892 
6.503  90 
6.593 
,,  Sulphurio  Acid  
26 
„ rot  in  bearing. . 
1 ,595  — 
1,595 
,,  Magnesia  
21 
Acreage  for  seed 
25  — 
25 
.,  Phosphoric  Acid 
19 
.,  to  be  planted 
,,  Soda  
7 
with  tea  in  1893 
38  — 
38 
,,  Oxides  of  Iron  and  Alumina 
Jungle  and  timber 
Chlorine  and  traces  of 
reserves 
1,926  — 
1.926 
Manganese  
21 
Patena  and  waste  land 
289  20 
309 
Totals 
10,376  110 
10,486 
322 
CEYLON 
TEA  PLANTATIONS  COMPANY, 
LIMITED. 
Report  of  the  Directors  to  be  submitted  at  the  Sixth 
Annual  Ordinary  General  Meeting  of  Shareholders  to 
be  held  at  Winchester  House,  Old  Brood,  Street,  E.  0., 
on  Friday,  28th  April,  1893,  at  2-30  p.m. 
The  Directors  have  the  pleasuro  to  submit  the 
General  Balance  Sheet  and  Profit  and  Loss  Account 
for  the  year  ending  31st  December,  1892,  duly  audited. 
£ s.  d.  £ s.  d. 
The  net  amount  at  crelit  of 
Profit  and  Loss  Account,  in- 
cluding Balance  brought  for- 
ward at  31st  December,  189), 
and  after  providing  for  Gene- 
ral Expenses,  Directors’  Fees, 
Income  Tax,  & c.,  is  ..  . . 38,350  10  1. 
An  inttrim  Dividend  of  7 per 
cent  on  the  Ordinary  Shares 
was  paid  26th  of  Oeiober,  1892 
amounting  to..  ..  10,299  16  0 
It  is  proposed  to  pay  a final 
Dividend  of  8 per  cent  on  the 
Ordinary  Shares  (mating  15 
per  cent  in  all,  free  of  Inoome 
Tax)  which  will  absorb  ..  11,771  4 0 
A Dividend  on  the  7 per  cent 
Preference  Shares  was  paid 
on  30th  of  June,  1892,  amount- 
ing to...  ..  ..  2,506  2 
A Dividend  on  the  7 per  cent 
Preference  Shares  was  paid 
on  31st  of  December,  1892, 
amounting  to. . ...  2,506  2 8 
It  is  proposed  to  add  to  Re 
serve  Fund  ...  ...  10,781  12  0 
And  to  carry  forward  to 
next  year  a balance  of  ...  494  12  8 
33,359  10  1 
The  Directors  have  pleasure  in  again  recommenc- 
ing the  distribution  of  a dividend  of  fifteen  per  eeDt 
for  the  past  year,  on  the  Ordinary  Shares  of  the 
Company. 
Owing  to  unseasonable  weather  the  yield  of  tea  per 
acre  fell  short  of  that  of  the  previous  year,  the  out- 
turn being  at  the  rate  of  376  lb.  as  against  414  lb. 
per  acre  for  1891.  This  deficiency  in  crop  was,  how- 
ever, compensated  for  by  the  fall  in  exchange,  and  the 
low  freights  whioh  rnle  during  the  year. 
It  is  proposed  to  write  off  for  deprecia'ioa  the  sum 
of  £6,275  7s  3d  which  stands  at  oredit  of  “ Reserve 
from  Premiums,”  and  to  add  the  sum  of  £10,781  12s  0d 
to  the  “ Reserve  from  Surplus  Profits,”  bringing  this 
Fund  up  to  £26,000,  the  whole  of  whioh  amount  will 
now  be  available  for  the  equalization  of  Dividends. 
The  gross  price  realised  for  the  Company’s  teas 
sold  in  London  was  9-38d  per  lb.,  as  against  9-27d 
for  1891. 
The  following  statements  shew  the  Tea  Crop  for 
The  Ceylon  Manager  reports  that  all  the  estates 
are  in  good  order,  and,  with  a favourable  season,  he 
estimates  a considerable  increase  on  last  year’s  crop. 
The  Directors  have  pleasure  in  again  acknowledg- 
ing the  excellent  services  rendered  by  the  Staff  both 
in  Ceylon  and  London. 
Under  Clause  No.  69  of  the  Articles  of  Association, 
Mr.  H.  K.  Rutherford,  the  Chairman  of  the  Com- 
pany, retires  on  this  occasion  from  the  Board,  and, 
being  eligible,  offers  himself  for  re-election. 
W.  Johnston,  Secretary. 
London,  19th  April  1893. 
CEYLON  COCOA  PLANTING. 
(To  the  Editor,  “ The  Field  ”) 
Ceylon,  March  9th. 
Sir, — It  may  interest  some  of  your  readers  to  know 
that  there  is  a ‘'boom”  in  cocoa  in  this  island.  A 
great  deal  of  money  is  being  made  by  the  few  who 
are  “ in  the  know,”  and  will  be  made  for  many  years. 
Only  a little  land  is  available  for  cocoa  planting,  and 
that  is  being  quietly  bought  up. 
The  cultivation  of  cocoa  is  very  simple,  the  first 
two  years  being  the  only  period  of  anxiety.  To  put 
100  acres  of  land  into  hearing  costs  about  £1,200 
sterling.  Good  land  is  worth  about  £3  an  acre,  and 
is  getting  scarce.  Of  course,  cocoa  will  grow  on  most 
land  under  an  elevation  of  2,000-f.,  but  to  bear  well 
the  land  must  be  suitable. 
It  bears  in  some  places  as  early  as  the  third  year, 
but  the  fifth  is  a?  early  as  you  can  reckon  on  a crop 
of  any  importance.  After  seven  years  it  gives  about 
2 cwt.  to  3 cwt  an  acre,  rising  to  5 cwt.  The  present 
price  is  about  £6  a cwt  for  the  best.  It  is  undoubt- 
edly a very  paying  form  of  planting,  and  I wonder 
more  people  do  not  go  in  for  it. 
“ Creepers,”  as  they  are  called,  are  constantly 
coming  out  to  learn  tea,  but  one  never  hears  of  any- 
one coming  out  to  learn  cocoa.  The  former  will 
probably  suffer  from  over-production ; the  latter 
cannot,  as  the  land  available  for  it  is  so  small  that 
the  supply  must  always  be  a small  one  from  Ceylon. 
In  all  respects  it  is  well  worth  the  attention  of  the 
small  capitalist  seeking  investment  and  employment. 
— Field , April  8.  INVESTMENT. 
[See  pages  781  and  784  for  corrections  of  above 
imformation.  — Ed.  T.A.] 
THE  EASTERN  PRODUCE  AND  ESTATES 
COMPANY,  LIMITED. 
Report  to  be  presented  at  the  sixth  ordinary  general 
meeting,  to  be  held  at  Winchester  House,  Old  Broad 
Street,  at  12  o’c'ock  noon  on  the  27th  April  1893 : — - 
The  directors  herewith  submit  report  and  balance 
sheet  for  the  year  ending  3 1 st  December  1892.  The 
profit  for  the  year  (including  £690  15s  4d,  the  balance 
from  last  account,  after  payment  of  debentures  for 
£7,000),  amounts  to  £21,993  6s  8d.  After  providing 
